Why are tenants not being given the option to buy one of the new homes under the shared ownership option?

Why are tenants not being given the option to buy one of the new homes under the shared ownership option?

Answer

Posted by Lambeth Council5sc on November 15, 2016

This is something that could be explored. It would require a lump sum payment of a minimum of 25% of the value of the new property and the tenant would need to pay rent on the share of the home retained by Homes for Lambeth as well as service charges.